Sunday, July 14, 2024

ED: Kavitha ‘part of wholesale business’

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The ED has filed a second chargesheet in the Delhi liquor excise policy case in the Rouse Avenue Court. The 12 accused named in the chargesheet include the five arrested persons Vijay Nair, Sharath Chandra Reddy, Binoy Babu, Abhishek Boinpally and Amit Arora.

Hearing on Sarath Chandra Reddy’s bail plea in the liquor and money laundering cases filed by the ED will be held on Saturday in the CBI court. Senior advocate Kapil Sibal will appear for Sarath Chandra Reddy.

MLC K. Kavitha, Sarath Chandra Reddy, MaGunta Srinivasulu Reddy and Magunta Raghava are partners in the South Group

The ED mentioned several key points regarding the role of MLC Kavitha and Vijaya Sai Reddy’s relative Sarath Chandra Reddy.

The 12 per cent profit in the wholesale business and 185 per cent profit in the retail business are among the irregularities found in the formulation of the Delhi liquor policy.

Kavitha reportedly became partners in the wholesale liquor business and Sarath Chandra Reddy in the retail business. The accused met several times at Kavitha’s residence at Banjara Hills in Hyderabad.

The accused stayed in Delhi and Hyderabad hotels and travelled in special chartered flights hired by Sarath Chandra Reddy.

Apart from Kavitha’s residence, meetings were also held at YSRCP MP Magunta Srinivas Reddy’s residence in Delhi’s Lodi Road, Taj Man Singh and Oberoi Madin at the ITC Kohinoor Hotel in Hyderabad. Money was reportedly transferred through hawala channels.

Arun Ramachandra was the representative of Kavitha in the Delhi liquor scam. Arun Pillai and Buchi Babu acquired shares in Sameer Mahendra’s Indo Spirits on behalf of Kavitha.

Kavitha’s efforts were reportedly aimed at becoming L1 in the wholesale business of Indo Spirits. Kavitha spoke to AAP leaders for Indo Spirits.

After the case came out, the accused tried to destroy evidence. Vijaya Nair was given hundreds of crores as kickbacks for the Delhi liquor business. They had an agreement to give AAP leaders a six per cent share in the profits of the wholesale business in return for benefits.

However, due to elections, the dealings were advanced. The Rs 100 crore donation to Vijay Nair on behalf of the South Group was reported to the ED.

Kavitha was a partner in the wholesale business through Indo Spirits while Sarath Chandra Reddy was engaged in the liquor and retail business.

Out of the total 32 zones, the companies belonging to Sameer Mahendru and Sarath Chandra Reddy secured nine zones. Out of the nine retail zones allotted to the South Group, Sarath Chandra Reddy’s Trident, Avantika Organo Mix had five zones and MaGunta Agro Farms Limited of Magunta Raghava is trading in two zones.

Sarath Chandra Reddy allegedly paid these MDs from his companies Mahira Ventures and Axis Clinicals, for the retail business of Trident and Avantika Organics.

Vijayasai Reddy’s relative Sarath Chandra Reddy is reportedly the kingpin in the Delhi liquor scam. Sarath Chandra Reddy’s companies are believed to have benefited via credit notes. The supply of liquor to Sarath Chandra Reddy for his retail business from Indo Spirit was in the form of kickbacks. The Sameer Mahendru Indo Spirit Company did not collect money for the liquor supplied to Sarath Chandra Reddy’s companies for compensating donation money.

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